UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _______________)*
SECURITY NATIONAL FINANCIAL CORPORATION
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
814785309
(CUSIP Number)
December 31, 2013
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which the Schedule is filed:
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1 | NAMES OF REPORTING PERSONS George R. Quist and Shirley C. Quist Family Partnership, Ltd. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) ¨ (b) ¨ |
3 | SEC USE ONLY |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION Utah |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER Class A common stock - 1,054,393 shares (1) Class C common stock - 4,957,828 shares (1) (Class C common stock is convertible into Class A common stock at the ratio of ten shares of Class C common stock to one share of Class A common stock) |
6 | SHARED VOTING POWER -0- |
7 | SOLE DISPOSITIVE POWER Class A common stock - 1,054,393 shares (1) Class C common stock - 4,957,828 shares (1) |
8 | SHARED DISPOSITIVE POWER -0- |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,054,393 shares of Class A common stock and 4,957,828 shares of Class C common stock (Class C common stock is convertible into Class A common stock at the ratio of ten shares of Class C common stock to one share of Class A common stock) |
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not applicable. |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 Class A common stock – 9.4% (1); Class C common stock – 39.1% |
12 | TYPE OF REPORTING PERSON PN |
(1) | If the 4,957,828 shares of Class C common stock that the George R. Quist and Shirley C. Quist Family Partnership, Ltd. beneficially owns are converted into 495,783 shares of Class A common stock, the family partnership would become the beneficial owner of 1,550,176 shares of Class A common stock, or 13.8% of the outstanding Class A common shares. |
Item 1. | | |
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| (a) | Name of Issuer |
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| | Security National Financial Corporation |
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| (b) | Address of Issuer's Principal Executive Offices |
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| | 5300 South 360 West, Suite 250 |
| | Salt Lake City, Utah 84123 |
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Item 2.T | | |
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| (a) | Name of Persons Filing |
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| | George R. Quist and Shirley C. Quist Family Partnership, Ltd. |
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| (b) | Address of Principal Business Office or, if none, Residence |
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| | 7 Wanderwood Way |
| | Sandy, Utah 84092 |
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| (c) | Citizenship or Place of Organization |
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| | Utah |
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| (d) | Title of Class of Securities |
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| | Class A Common Stock |
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| (e) | CUSIP Number |
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| | 814785309 |
Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. |
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| (a) | Broker or Dealer registered under Section 15 of the Act |
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| (b) | Bank as defined in Section 3(a)(6) of the Act |
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| (c) | Insurance Company as defined in Section 3(a)(19) of the Act |
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| (d) | Investment Company registered under Section 8 of the Investment Company Act of 1940 |
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| (e) | An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E) |
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| (f) | An employee benefit plan, or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F) |
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| (g) | A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G) |
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| (h) | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) |
| (i) | A church plan that is excluded from the definition of an investment company under Section 3(6)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) |
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| (j) | Group, in accordance with Section 240.13d-1(b)(1)(ii)(J) |
Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount Beneficially Owned as of December 31, 2013 |
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| | George R. Quist and Shirley C. Quist Family Partnership, Lt. |
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| | 1,054,393 shares of Class A common stock (1) |
| | 4,957,828 shares of Class C common stock (1) |
| | (Class C common stock is convertible into Class A common stock at the ratio of ten shares of Class C common stock to one share of Class A common stock) |
| | |
| (b) | Percent of Class |
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| | Class A common stock – 9.4% (1) |
| | Class C common stock – 39.1% |
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| (c) | Number of shares as to which such person has: |
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| (i) | sole power to vote or to direct the vote: |
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| | Class A common stock – 1,054,393 shares (1) |
| | Class C common stock – 4,957,828 shares (1) (Class C common stock is convertible into Class A common stock at the ratio of ten shares of Class common stock to one share of Class A common stock) |
| | |
| (ii) | shared power to vote or to direct the vote: |
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| | 0- |
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| (iii) | sole power to dispose or to direct the disposition of: |
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| | Class A common stock – 1,054,393 shares |
| | Class C common stock – 4,957,828 shares |
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| (iv) | shared power to dispose or to direct the disposition of: |
| | |
| | -0- |
(1) | If the 4,957,828 shares of Class C common stock that the George R. Quist and Shirley C. Quist Family Partnership, Ltd. beneficially owns are converted into 495,783 shares of Class A common stock, the family partnership would become the beneficial owner of 1,550,176 shares of Class A common stock, or 13.8% of the outstanding shares of Class A common stock. |
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.
SIGNATURE |
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After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. |
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Date: April 8, 2014 | GEORGE R. QUIST AND SHIRLEY C. QUIST |
| FAMILY PARTNERSHIP, LTD |
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| By: /s/ Scott M. Quist |
| Scott M. Quist |
| Managing General Partner |